The month of May is approaching ... what to expect on eurusd and equity markets?
In the last week, the main currency pair really found the path outlined upwards (see previous comment ), which still looks to preferovanějšímu technical objectives, which lies on the border of 61.8 Fibo, ie around 1.3330. Although stock markets in recent days lagged somewhat, we would like in the next two weeks, the preferred scenario, the markets for some time to keep, together with positive numbers, which will be against analysts' estimates, as earnings season spew U.S. corporations. In case of good numbers from the U.S. markets and the pressure let-up bears, it has yet to start a larger fall that would like every year could come to the month of May.
However, that in the month of May the markets in recent years, most of forfeited should motivate traders their long equity positions already addressed some nervousness and therefore in the last days to see them. Re-growth of the dollar could come up in the moment sinks in the shares and then you can expect further weakening of major commodities, some of which has its main trend turned. So we'll see whether this scenario in the coming weeks that will fill a short-term target for EURUSD correctly estimate for a possible turnaround and return to the downward trend.
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